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CAP Equity Guard EA

FREE

Published: 20 December 2016

Current version: 6.0

CAP Equity Guard EA

4.63

Utilities
MEETALGO LLC
Version: 6.0
Updated: 1 January 2023

The CAP Equity Guard is an expert advisor that constantly monitors the equity of your trading account and prevents costly drawdowns. The CAP Equity Guard EA is a useful tool for money managers! When an emergency procedure takes place, you are notified by visual, email and push alerts.

The EA performs the following tasks:

It monitors your entire trading account.
Easy to use! Just drag it to a random empty chart.
It will work perfectly, if MetaTrader restarts.
It can be workable with your existing EA.
Visual, mail and push alerts.
It can remove your external EA after target equity hit.

How to Use

Let us give you an example of how CAP Equity Guard works.

Attach EA to any blank Chart when you don't have any existing trade. For example, your equity is 1000$ and you set EA's input 'Profit Type=In Currency' and 'Profit Value=5.0'. You start trading by manual or any other EA. When your current equity gain is 5$ (mean total equity 1005$), EA will close all trade and record new equity now 1005$. Again your equity gain 5$ from last recorded equity, EA trigger and close all trade. EA use global variable to record previous equity, so if your MT4 close or your VPS restart, EA will restore recorded equity from global variable. You can change/modify recorded equity from dashboard record equity input box.

Input Parameters

EA CONFIGURATIONS

Stop EA: if true, EA will stop
Profit Type: Select Profit Type

In Currency: Profit in currency.

In Percent: Profit in percentage base on account equity.

Profit Value: Set your profit value. When your Profit Type=In Currency this value is considered as currency, otherwise considered as percentage value.
Loss Type: Select Loss Type

In Currency: Loss in currency.
In Percent: Loss in percentage base on account equity.

Loss Value: Set your loss value.

DO THE FOLLOWING ON TRIGGER

Close all Open Trades: if TRUE, EA will close all active trade.
Delete all Pending Orders: if TRUE, EA will delete all pending orders.
Disable External Other EA: if TRUE, EA will remove your external EA after target profit/loss hit. But to do that you have to configure other settings properly. More Details.
EA Stop After Trigger: Select type, how long EA stop after trigger.

None: EA will not stop. It runs again after trigger.
Stop EA For X-Minute: EA will stop for X-Minute then runs again.
Stop EA For This Day: EA will stop for whole day. Next day EA run again.
Stop EA For Until Reset EA: EA will stop until you remove EA and attach again.

X_Minute: Put how long EA will stop after trigger. Value are minutes.
External_Chart_ID: Put External Chart ID (multiple values separated by commas).
Template_Remove_Name: Remove EA's template name (multiple values separated by commas).
Restore External EA After Trigger: if TRUE, EA will restore your external EA after Equity EA is working again.
Template_Restore_Name: Restore EA's template name (multiple value separated by commas).

NOTIFICATION

Enable Pop-Up Alerts: Enable text alert.
Enable Sound Alerts: Enable sound alert.
Send Email Alert: Enable email alert.
Send Mobile Notifications: Enable mobile notifications.

BASIC CONFIGURATIONS

Slippage: Set your trading slippage.

Keep In Mind (TWO IMPORTANT RULES)

1. Attach EA when you have no exiting orders.

2. EA work with equity gain or loss. If you deposit/withdraw money when your trade is open and Equity guard EA working, then EA will consider as equity gain/loss and trigger. Example: you set equity profit 5$ and your record equity was 1000 so EA's target equity is 1005$. Now you have five open trade and floating loss is -50$. At this time you deposit new fund 100$ and your current equity is (Previous Equity (1000)+Floating Profit/Loss (-50)+New Fund (100)=1050). In this scenario your new equity is bigger than your target equity. So EA will close all trade. But originally you have loss of 50$. To avoid this type of situation, my recommendation is don't deposit or withdraw money when you have trade. If there is no trade you can deposit or withdraw money, there is no problem. In case you need deposit or withdraw money follow below:

Stop EA by input setting.
Deposit/Withdraw Fund.
Modify your record equity input value.
Run EA by click EA status button again.

Author

Mohammad Ali, technical analyst and speculator, software engineer and founder of MEETALGO LLC.‌

more...

160

paddock 2023.02.28 11:12 #

Great EA. If you have several trades on and want to take profit at x% or x$ this is the winner you need to grow your account. Obviously you need a good trading plan but you can pull .5% profit daily with compounding, its a winner. And free. Many thanks to the developer for his selfless work.

309

jiab 2023.02.24 14:00 #

good job

140

jgooi777 2022.11.29 02:27 #

Useful system for my trading system! Thank you!

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The top-selling EAs on the market cost a lot and one day they are suddenly gone. This is because one strategy will not work in the forex market all the time. Our product is unique from all others in the MQL Marketplace because our EA comes with 34+ built-in indicators that allow adding more strategies every time. You build your strategy and keep updating it. If one strategy does not work, simply build another all using only one EA. This is All-In-One EA in this market place. You can use as trad

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CAP Zone Recovery EA MT4 is your tool to turn losing trades into winning trades by using a smart "back-and-forth" hedging mechanism. Let the price move to anywhere it likes - the awesome CAP Zone Recovery EA will make profits out of the situation. The secret behind this amazing EA is a famous trading algorithm known as "Zone recovery algorithm" or "The Surefire Forex Hedging Strategy". CAP Zone Recovery EA MT4 is extremely easy to use. You just open a trade in a trending market - no matter w

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CAP Channel Trading EA is Expert Advisor that base on our famous indicator CAP Channel Indicator . EA is a non-optimized expert advisor you have to find best setting by yourself. Who using our CAP Channel Indicator and looking for EA that base on Channel indicator this EA is best for them. We give lots of options so you can customize your trading strategy. [ Installation Guide | Update Guide | Submit Your Problem | FAQ | All Products ] Channel Trading is a volatility-based indi

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CAP Zone Recovery Strategy Builder EA MT5 is a another version of our Main Product CAP Zone Recovery EA. This EA is a strategy builder type EA has more then 34+ build in indicator that you can make more then 1 million combination strategy that boost you trading strategy. Also this Builder offers an incredible amount of functionality with zone recovery strategy. So you can test your strategy easy way without knowledge of coding. [ Installation Guide | Update Guide | Submit You

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MeetAlgo Universal Grid EA MT4 is a highly efficient and mechanical trading strategy which has no reliance on direction, profits from volatility and uses the intrinsic wavy nature of the market. [ Installation Guide | Update Guide | Submit Your Problem | FAQ | All Products ] Easy to set up and supervise No indicators or hard analysis needed Grid trading is time-frame independent Requires little forecasting of the market Extracts money out of the market regularly OFFER BUY CAP STRA

49 USD

CAP Channel Trading EA MT5 is Expert Advisor that base on our famous indicator CAP Channel Indicator . EA is a non-optimized expert advisor you have to find best setting by yourself. Who using our CAP Channel Indicator and looking for EA that base on Channel indicator this EA is best for them. We give lots of options so you can customize your trading strategy. [ Installation Guide | Update Guide | Submit Your Problem | FAQ | All Products ] Channel Trading is a volatility-based

39 USD

MeetAlgo RSI Trade EA Pro MT4 trades using the RSI Indicator. It offers many customizable RSI trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode. [ Installation Guide | Update Guide | Submit Your Problem | FAQ | All Products ] OFFER BUY CAP STRATEGY BUILDER EA MT5 , GET THIS EA FREE - More Details Functions Easy to use and customizable RSI setting. Customizable indic

30 USD

MeetAlgo Ichimoku EA Pro MT4 is trade the Ichimoku Kinko Hyo Indicator with complete freedom using a powerful and flexible EA. It using the metatrader basic ichimoku Indicator. It offers many customizable ichimoku trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode. [ Installation Guide | Update Guide | Submit Your Problem | All Products ] Functions Easy to use and customiz

30 USD

CAP Moving Average Pro EA trades using the Moving Averages Indicator. It offers many customizable Moving Averages trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode. [ Installation Guide | Update Guide | Submit Your Problem | FAQ | All Products ] Functions Easy to use and customizable Moving Average setting. Customizable indicator settings Built-in money management Grid

30 USD

The CAP Channel Trading is a volatility-based indicator that makes use of the “advanced envelope theory”. These envelopes consist of two outer lines. Envelope theory states that the market price will generally fall between the boundaries of the envelope (or channel). If prices move outside the envelope, it is a trading signal or trading opportunity. Benefits of the Channel Trading Indicator CAP Channel Trading works with any asset It can be applied to any financial assets: forex, cryp

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MeetAlgo Breakout EA is a flexible and powerful metatrader expert advisor that using several breakout strategy and implements many useful features. It using the ZikZak Breakout, Daily candle breakout, London time breakout, Pivot points breakout and several breakout strategy. It offers many customizable trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode. [ Installation Guide | Upd

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CAP ADX Trader EA trades using the Average Directional Index (ADX) Indicator. It offers many customizable Average Directional Index (ADX) trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode. [ Installation Guide | Update Guide | Submit Your Problem | FAQ | All Products ] Easy to use and customizable Average Directional Index (ADX) setting. Enable Grid trading. Customiza

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MeetAlgo RSI Trade EA MT4 trades using the RSI Indicator. It offers many customizable RSI trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode. [ Installation Guide | Update Guide | Submit Your Problem | FAQ | All Products ] Functions Easy to use and customizable RSI setting. Customizable indicator settings Built-in money management Grid trading when trade in Loss Customizabl

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MeetAlgo Breakout EA MT5 is a flexible and powerful metatrader expert advisor that using several breakout strategy and implements many useful features. It using the ZikZak Breakout, Daily candle breakout, London time breakout, Pivot points breakout and several breakout strategy. It offers many customizable trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode. [ Installation Guide | U

FREE

CAP Moving Average EA trades using the Moving Averages Indicator. It offers many customizable Moving Averages trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode. [ Installation Guide | Update Guide | Submit Your Problem | FAQ | All Products ] Functions Easy to use and customizable Moving Average setting. Customizable indicator settings Built-in money management Grid trad

FREE

CAP Zone Recovery Strategy Builder EA is a another version of our Main Product CAP Zone Recovery EA. This EA is a strategy builder type EA has more then 34+ build in indicator that you can make more then 1 million combination strategy that boost you trading strategy. Also this Builder offers an incredible amount of functionality with zone recovery strategy. So you can test your strategy easy way without knowledge of coding. [ Installation Guide | Update Guide | Submit Your Pr

99 USD

30 USD

CAP Moving Average EA MT5 trades using the Moving Averages Indicator. It offers many customizable Moving Averages trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode. [ Installation Guide | Update Guide | Submit Your Problem | FAQ | All Products ] Functions Easy to use and customizable Moving Average setting. Customizable indicator settings Built-in money management Grid

FREE

MeetAlgo Breakout EA Pro MT5 is a flexible and powerful metatrader expert advisor that using several breakout strategy and implements many useful features. It using the ZikZak Breakout, Daily candle breakout, London time breakout, Pivot points breakout and several breakout strategy. It offers many customizable trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode. [ Installation Guide

30 USD

MeetAlgo Ichimoku EA Pro MT5 is trade the Ichimoku Kinko Hyo Indicator with complete freedom using a powerful and flexible EA. It using the metatrader basic ichimoku Indicator. It offers many customizable ichimoku trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode. [ Installation Guide | Update Guide | Submit Your Problem | All Products ] Functions Easy to use and customiz

30 USD

Need to open a pending order at news time, or need to open a pending/instant order at a specific time? MeetAlgo News Trading EA is the right tool for you. The MeetAlgo News Trading EA opens pending orders at a specific time or specific date for you avoiding human errors and enhancing your trading activity. It is useful for news traders who open pending orders before the news come out. News trading is one of the most difficult disciplines – but it can also be one of the most profitable o

30 USD

CAP Universal Grid EA MT5 is a highly efficient and mechanical trading strategy which has no reliance on direction, profits from volatility and uses the intrinsic wavy nature of the market. [ Installation Guide | Update Guide | Submit Your Problem | FAQ | All Products ] Easy to set up and supervise No indicators or hard analysis needed Grid trading is time-frame independent Requires little forecasting of the market Extracts money out of the market regularly OFFER BUY CAP STRATEGY

49 USD

MeetAlgo Bollinger Bands EA Pro MT5 trades using the Bollinger Bands Indicator. It offers many customizable Bollinger Bands trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode. [ Installation Guide | Update Guide | Submit Your Problem | FAQ | All Products ] Functions Easy to use and customizable Stochastic setting. Customizable indicator settings Built-in money management G

30 USD

CAP Moving Average Pro EA MT5 trades using the Moving Averages Indicator. It offers many customizable Moving Averages trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode. [ Installation Guide | Update Guide | Submit Your Problem | FAQ | All Products ] Functions Easy to use and customizable Moving Average setting. Customizable indicator settings Built-in money management G

30 USD

MeetAlgo Stochastic EA MT5 trades using the Stochastic Indicator. It offers many customizable Stochastic trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode. [ Installation Guide | Update Guide | Submit Your Problem | FAQ | All Products ] Functions Easy to use and customizable Stochastic setting. Customizable indicator settings Built-in money management Grid trading when t

FREE

MeetAlgo Ichimoku EA MT5 is trade the Ichimoku Kinko Hyo Indicator with complete freedom using a powerful and flexible EA. It using the metatrader basic ichimoku Indicator. It offers many customizable ichimoku trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode. [ Installation Guide | Update Guide | Submit Your Problem | All Products ] Functions Easy to use and customizable

FREE

Filter:

160

paddock 2023.02.28 11:12 #

309

jiab 2023.02.24 14:00 #

good job

373

whahn279 2023.02.15 08:07 #

I tried this EA with Loss Limit 400. EA did not stop trading nor deleting any open or pending positons. it just continued to trade and increased my losses beyond Limit 400. EA is completely useless. thank good I used it on demo account and thank good its for free. don't install. it will destroy your equity. This is the only reason this bullshit was coded for.

140

jgooi777 2022.11.29 02:27 #

Useful system for my trading system! Thank you!

202

Gellet Manchenella 2022.09.13 02:26 #

Excellent EA, a Must-Have tool for all traders. Thank you very much.

1208

Hamad Albaghli 2022.08.16 14:43 #

Excellent Application,Good work.

108

Swing Trader 2022.02.18 00:58 #

So far so good, it need some improvement too

S R 2022.02.01 10:05 #

Excellent EA!

315

Hector Danis Peguero Peguero 2021.10.09 02:23 #

Excelente asesor experto

688

Henry Setiawan 2021.08.25 11:18 #

Very helpfull, thank you for sharing this tools

2270

Mehdi Faraz Fard 2021.07.11 13:15 #

So far so good.Thanks

1460

aworex 2021.06.03 19:46 #

Nice tool to preserve those profits

techiman ba 2021.05.26 20:05 #

I realized it has a little problem. at times the ea values freezes. when that happens the previous values before the freeze is stuck on it and it is not able to read and adjust to the current(live) values. when this happens i have to remove it from the chart and attached it again before it works. assuming i do not see this and attach ea again my account has no protection and that could be deadly. this is the same problem FALANCA is describing in her review above. this ea is fantastic so please fix that problem

741

falanca 2021.05.06 18:48 #

EA stops after first target triggered.İt cant renewed automatically.

239

nicolae7752324 2021.05.06 17:54 #

Excellent

Last_Trader 2021.04.28 15:50 #

Love it!

112

mostafaperth 2021.03.29 06:37 #

Excellent piece of work. AND IT IS FREE

147

Jody Ananda 2021.01.12 02:49 #

The Equity Guard EA is superb! Barakallahu fik, brother Muhammad Ali.

541

Maik 2020.11.19 13:05 #

User didn't leave any comment to the rating

282

Edwin Luk 2020.10.09 07:15 #

This is a very helpful EA. It saves my account more than once. Thanks

1 2

Version 6.0 2023.01.01

Complied with new build

Version 5.10 2021.02.23

Product Update Info
ADDED: NEW INPUT – Add more Disable External inputs so you can disable more EA. previously terminal has input max limitation so user can't put chart id more then 20 chart. We add more three same Disable External inputs so you can add more chart id

Version 5.0 2020.07.04

-->Minor Update

Version 4.20 2019.11.12

-->New Input add
---> Equity Reset Type - Currently equity will reset when you have no open order. But in this version new input come you can have option how equity will be reset. there two option
1. When No Order- when you have no order equity will be reset.
2. When Trigger Hit- equity will be not reset until equity trigger will be hit (any profit or loss hit)

Version 4.0 2019.02.25

-->Minor improvements internal coding.
-->Nothing change product logic.

Version 3.0 2018.03.09

- Minor coding change.

Version 2.0 2017.12.15

- Bugs Fixed
==> Old version could not close trades opened by other EAs. It has been fixed in this version.

- New inputs
==> Disable External Others EA - if true, the EA also disables your other EAs after equity trigger (profit/loss).
But you need to put External EA's Chart ID and remove template name properly.
==> External Chart ID - put your chart ID number, for which you want to change a template. You can set multiple chart IDs separated by commas.
==> Remove EA's Template Name - template name to remove your external EA.
==> Restore External EA After Trigger - if you want Equity EA, also restore your external EA again after equity trigger then just set it to true.
==> Restore EA's Template Name - template name to restore your external EA.

- Other
==> Remove Running Button from dashboard. You can stop/run the EA by Input's Name "Stop EA".